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502 S University Avenue, Carbondale, IL

$359,900

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About 502 S University Avenue

2 Story Fraternity house close to SIU campus - 9-unit property offers the potential to accommodate up to 17 occupants - features 8 efficiency units plus additional Landlord/manager unit - Total of 9 bedrooms and 9.5 bathrooms with versatile layout offering an investor multiple options for maximizing income-producing potential. This rare investment provides excellent rental history plus prime location and good income - partial walk- out basement for easy maintenance access - concrete parking with 15 spaces - fire suppression system and fire doors -Multiple common areas suitable for meetings, dining, recreation, and gaming - large entry foyer - nice patio area and outdoor relaxation on covered deck - prime location for potential retail on lower lever -Numerous property improvements completed in 2008 with continued maintenance - Current leases and property manager in place - Ideal for investors seeking an established rental property

Features of 502 S University Avenue

MLS® # EB460646
Price $359,900
Bathrooms 0.00
Year Built 1972
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 502 S University Avenue
Area Carbondale
City Carbondale
County Jackson
State IL
Zip Code 62901

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Vinyl Siding

Additional Information

Days on Market 252
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSHAMROCK REAL ESTATE

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Listing information last updated on September 27th, 2026 at 10:52pm CDT.